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Multiple choice question about finance
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10)
In the most general sense, which of the following would you expect to be true?
If a current time asset account and a current liability account both increase by the same amount, there is a net use of funds
If fixed assets decrease by the amount of depreciation for the year, there is a net use of funds
Changes in income and expense accounts do no affect sources and uses of funds
If a liability account increases and an asset account decreases by the same amount there is a net source of funds
If the common stock outstanding increases there is a use of fund
In the most general sense, which of the following would you expect to be true?
If a current time asset account and a current liability account both increase by the same amount, there is a net use of funds
If fixed assets decrease by the amount of depreciation for the year, there is a net use of funds
Changes in income and expense accounts do no affect sources and uses of funds
If a liability account increases and an asset account decreases by the same amount there is a net source of funds
If the common stock outstanding increases there is a use of fund
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